BayBridge Capital Group LLC Sells 335 Shares of Waste Management, Inc. (NYSE:WM)

BayBridge Capital Group LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 5.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,006 shares of the business services provider’s stock after selling 335 shares during the quarter. BayBridge Capital Group LLC’s holdings in Waste Management were worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates boosted its holdings in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. General Partner Inc. bought a new stake in Waste Management during the 4th quarter worth about $29,000. Sugar Maple Asset Management LLC acquired a new position in Waste Management during the 4th quarter valued at about $35,000. Finally, Richardson Financial Services Inc. boosted its stake in shares of Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Charles C. Boettcher sold 693 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the sale, the executive vice president now owns 45,542 shares in the company, valued at $10,046,109.78. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

WM opened at $224.94 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market capitalization of $90.28 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.70 and a beta of 0.78. The business’s 50-day moving average price is $211.90 and its two-hundred day moving average price is $211.43. Waste Management, Inc. has a 1 year low of $187.48 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s payout ratio is currently 44.12%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Raymond James upped their price objective on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, UBS Group upped their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.